Cars Sold for Over $20 Million – The Most-Expensive Cars Ever

Only twelve cars have ever sold for more than $20 million at public auction: seven Ferraris, two Aston Martins, a Mercedes Benz F1 racer, a Duesenberg SSJ and a Le Mans-winning Jaguar are the most-expensive cars ever.

The highest price ever paid at public auction for a car is $48,405,000 for a 1962 Ferrari 250 GTO at the RM Sotheby’s Monterey 2018 sale. The second most-expensive car ever is also a GTO: $38 million was paid for a 1962/3 Ferrari 250 GTO at the Bonhams Quail Lodge 2014 auction. The only other car ever costing more than $30 million was a 1957 Ferrari 335 Sport at $35.7 million (and still the most-expensive car ever sold outside the USA). Two racing cars driven by Fangio sold for just less than $30 million – a 1954 Mercedes Benz W196R Formula 1 single-seater racing car and the 1956 Ferrari 290 MM. A 1967 Ferrari 275 GTB/4*S N.A.R.T. is the most-expensive road-going car ever while a second 275 GTB, a competition car, is the fifth Ferrari in this exclusive club. The 1956 Aston Martin DBR1, the 1956 Le Mans-winning 1955 Jaguar D-Type, and a 1963 Aston Martin DP215 Grand Touring Competition Prototype are the three most-expensive British cars ever. A 1935 Duesenberg SSJ is at $22 million the most-expensive American and the most-expensive pre-war car ever sold at public auction.

$20 Million Plus Cars

The following cars have sold for more than $20 million at public auction:

The list takes only cars into consideration that have sold at standard public auctions. It also uses only nominal prices and exchange rates at the time of sale.

Even if adjusted priced are used, probably only one further car would be added to this exclusive list – the 1931 Bugatti Royale Kellner Coupe that Christie’s sold for $9.8 million in 1986 would be just over $20 million at adjusted prices. The 1939 Alfa Romeo 8C 2900 Lungo Spider that RM Sotheby’s sold for $19,800,000 at Monterey 2016 needs only a 1% change in the value of money to make the list.

1962 Ferrari 250 GTO

The most-expensive car ever sold at public auction is 1962 Ferrari 250 GTO, chassis 3413, that achieved $48,405,000 at the RM Sotheby’s Monterey 2018 auction during Monterey Week in California, USA. It increased the world record price set by another 250 GTO four years earlier by more than $10 million.

This Ferrari 250 GTO was driven by Phil Hill in preparation for the 1962 Targa Florio but was particularly successful in 1962 when privateer Edoardo Lualdi-Gabardi raced it to six overall victories and a further five first in class finished to win the Italian Championship. It would also won its class at Targa Florio in both 1963 and 1964.

This 1962 Ferrari 250 GTO is considered a very authentic and original example. Although 250 GTOs are rumoured to have sold privately for $70 million, this is only the second 250 GTO sold at public auction for more than a decade.

Only 28 of the 39 Ferrari 250 GTs that Ferrari homologate for the 1962 3-liter class FIA World Championship survived as 250 GTOs with V12 engines.

This 1962 Ferrari 250 GTO was raced by privateer Jo Schlesser and his co-driver Henri Oreiller to a second place in the 1962 Tour de France automobile race event. However, after Oreiller crashed fatally the car was rebuilt, which led to the description 1962-63 GTO.

The car left the Ferrari factory as a 315 S and debuted as a Scuderia Ferrari works car at the Sebring 12 Hours where Peter Collins and Maurice Trintignan led the first 20 laps but finished the race in sixth. Wolfgang von Trips did better as the Mille Miglia by finishing second behind the Ferrari team leader Piero Tartuffi.

In preparation for the 24 Hours of Le Mans in 1957, chassis 0674 was upgraded to a 335 Sport. On lap 20, Mike Hawthorn set the first average lap time exceeding 200 km/h ever at Le Mans before the car had to retire after five hours. The car finished fourth at the Swedish Grand Prix and second in Venezuela to help Ferrari winning the championship.

As a N.A.R.T. entry, the 1957 Ferrari 335 Sport continued to race in North America with a best result victory at the 1958 Cuban Grand Prix in Havana. Pierre Bardinon acquired chassis 0674 for his famous collection in 1970, where it remained until the Paris 2016 auction.

1954 Mercedes Benz W196R Formula 1

Bonhams almost doubled the previous highest price paid for a car at public auction when it sold a 1954 Mercedes Benz W196R Formula 1 single-seater racing car for £19,601,500 ($29,650,095) at the 2013 Goodwood Festival of Speed Sale in Chicester in the United Kingdom. The previous record was $16.4 million paid for a 1957 Ferrari 250 Testa Rossa at Gooding’s 2011 Pebble Beach Sale – as a result no car selling in this range ever achieved the status of most-expensive car in the world.

The 1954 Mercedes Benz W196R Formula 1, chassis 0006, was famously raced by Juan Manual Fangio to back-to-back victories a the 1954 German (Nürburgring) and Swiss Grand Prix en route to his second world championship title. It was also the first open-wheel Mercedes Benz car to win a Formula 1 Grand Prix race.

Chassis 0006 was sold into private hands by the National Motor Museum at Beaulieu in 1987 and since has been the only of the ten surviving W196Rs not owned by Mercedes Benz or national museums.

The previous highest price paid for a Mercedes Benz car, and still the most-expensive Mercedes Benz passenger car, was $11,770,000 for a 1936 Mercedes Benz 540K Special Roadster at the 2012 Gooding Pebble Beach sale.

1956 Ferrari 290 MM

Juan Manuel Fangio at the start of 1956 MM

Another ex-Fangio car, a 1956 Ferrari 290 MM, was the most-expensive car sold at public auction in 2015. RM Sotheby’s sold this Ferrari, specifically built for Fangio to participate in the 1956 Mille Miglia race, for $28,050,000 at the Driven by Disruption sale in New York in 2015.

The 1956 Ferrari 290 MM with coachwork by Scaglietti, chassis 0626, was driven to a fine fourth place at the Mille Miglia race by Juan Manuel Fangio. It was also raced by amongst others Phil Hill, Marquis Alfonso de Portago, Peter Collins, and Wolfgang von Trips. Its best finish was overall victory at the 1957 Mil Kilometros Ciudad de Buenos Aires driven by Masten Gregory, Eugenio Castelloti, and Luigi Musso.

The car was raced in North America until 1964. It has the distinction of never having been in any major crashes.

Since 1970, the Ferrari 290 MM was mostly in Pierre Bardinon’s Collection Mas du Clos in Aubusson, France. It was sold in its 1956 Mille Miglia race livery bearing Fangio’s 600 start number.

Only 10 of the Ferrari 275 GTB/4*S N.A.R.T. Spider with coachwork by Scaglietti were ever built. Remarkably, this very special Ferrari remained in single-family ownership (Eddie Smith) until it was sold in 2013 with the proceeds donated to charity.

1964 Ferrari 275 GTB/C Speciale

The 1964 Ferrari 275 GTB/C Speciale by Scaglietti, chassis 06701, that RM Auctions sold for $26,400,000, at the 2014 Monterey Sale, was the first of only three works Berlinetta Competizione cars built. A dispute over homologation with the FIA saw this chassis never raced for Ferrari. A sister car ended third overall at the 24 Hours of Le Mans race in 1965 – still the highest finish ever for a front-engined car.

This 1964 Ferrari 275 GTB/C Speciale was not raced in period but exclusively used on the road by its first private owners. It was only raced later in historic events.

1956 Aston Martin DBR1

The 1956 Aston Martin DBR1, chassis DBR1/1, set a new marque and British-built car record when it sold for $22,550,000 at the RM Sotheby’sMonterey 2017 classic car auction. This DBR1 was driven to overall victory by Stirling Moss at the 1959 Nürburgring 1000 KM and participated in the Le Mans 24 Hours race three times. DBR1/1 retired on all three occasions but a sister car won in 1959.

As an Aston Martin works entry, DBR1/1 participated in 16 major international raced between 1956 and 1959. Entries included the three runs at Le Mans, the 12 Hours of Sebring in 1958 and 1959, as well as three entries at the Nürburgring 1000 KM, in 1957, 1958 and 1959. DBR1/1 was mostly driven by Roy Salvadori but he was also co-piloted on longer races by such famous drivers as Carrol Shelby and Jack Brabham.

1956 Ferrari 290 MM

A 1956 Ferrari 290 MM, chassis 0628, sold for $22,000,500 at the RM Sotheby’s Los Angeles 2018 sale at the Petersen Automotive Museum, as the second 290 MM to achieve over $20 million at auction. Chassis 0628 was the last of four produce and one of three to have survived.

The 1956 Ferrari 290 MM, chassis 0628, was part of the Scuderia Ferrari team for the 1956 and 1957 seasons. At its debut in the 1956 Mille Miglia in 860 Monza specifications, chassis no. 0628 finished 2nd overall piloted by Peter Collins and Louis Klemantaski.

In the same year, Olivier Gendebien and Hans Hermann took the car to 4th at the Targa Florio in Sicily, while Umberto Maglioli finished in 2nd place with the car in the XVIII Aosta-Gran San Bernardo Hillclimb. Fangio raced the car in the Swedish Grand Prix (DBF) just months later.

Upgraded to 290 MM specifications by the factory in 1957, Alfonso de Portago, Wolfgang von Trips and Eugenio Castellotti finished 3rd in the 1000 km Buenos Aires, and two months later the car entered the 12 Hours of Sebring with Phil Hill and von Trips at the wheel.

Under private ownership, Sir Stirling Moss raced the 290 MM at the 1957 Bahamas Speed Weeks and drove the car to victory in both the Memorial Race and the Nassau Trophy Race.

1935 Duesenberg SSJ

The 1935 Duesenberg SSJ, chassis J-563, sold for $22,000,000 at the Gooding Pebble Beach 2018 sale as the most-expensive American car ever sold at public auction. It is also the most-expensive pre-war car ever sold at auction and more than doubled the Duesenberg marque record.

Only two Duesenberg SSJ cars were ever produced on a special 125 inch shortened chassis. The record car originally belonged to Gary Cooper while the sister car was delivered to Clark Gable. It later belonged to Brigg Cunningham and Miles Collier.

1955 Jaguar D-Type

The 1955 Jaguar D-Type, chassis XKD501, that RM Sotheby’s sold for $21,780,000 at the 2016 Monterey sale, is the second most-expensive British car ever sold at public auction. This Jaguar won the 1956 24 Hours of Le Mans race outright as an Ecurie Ecosse entry.

This 1955 Jaguar D-Type is the only Le Mans-winning Jaguar C or D-Type to have survived to the present intact in its originally race-winning form. It is also the highest price ever paid for a Le Mans winner at public auction (not that many are sold!)

1963 Aston Martin DP215 Grand Touring Competition Prototype

A 1963 Aston Martin DP215 Grand Touring Competition Prototype sold for $21,455,000 at the RM Sotheby’s Monterey 2018 classic car sale making Aston Martin the only marque other than Ferrari with two cars sold for over $20 million.

DP215 was the official works entry for the 1963 Le Mans Prototype Class and the final racing car built by the factory in this period. It was phenomenally fast and the first car to exceed 300 km/h on the Le Mans straight. It lapped Le Mans 6 second faster than a Ferrari 330 LMB and a full 12 seconds faster than a Ferrari 250 GTO.

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